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The crowdfunding industry is growing
exponentially, and as it becomes an ever more popular way for
entrepreneurs to raise money to fund their dreams, it’s
getting attention from an elite tier of investor
entrepreneurs.

San Francisco-based crowdfunding site Indiegogo announced today
it has secured a second investment in under six months (the
amount was not disclosed). Investors in the round include Sir
Richard Branson, the founder of Virgin Group; Max Levchin, the
co-founder of PayPal; Maynard Webb, investor and tech executive
that sits on various prominent boards; and Megan Smith, an
entrepreneur herself and a vice president at Google[x].

"One of the biggest challenges faced by entrepreneurs is access
to capital," said Branson in a written statement released today.
"Indiegogo helps to solve that problem and empowers anyone in the
world to do well and do good.”

At the end of January, Indiegogo announced a $40 million Series B round of venture
capital funding from a gaggle of institutional investors
including Institutional Venture Partners and Kleiner
Perkins Caufield & Byers. At the time, the
crowdfunding company said the funds would be used for hiring,
expansion and mobile. This time around, it seems like the
company is continuing to focus on these pillars. This
latest round will be primarily used to grow Indiegogo’s
presence globally and to improve the crowdfunding site’s
mobile application.

Indiegogo was launched in 2008 and so far more than 200,000
campaigns have been launched on the platform. More than 7,0000
campaigns are active at any given moment and currently, about 30
percent of Indiegogo campaigns come from outside the U.S.

“As we continue to innovate, Indiegogo will benefit from the
unique perspectives of such an experienced and diverse group of
investors. We founded Indiegogo to democratize access to capital
for all, and I am excited that our new investors are joining us
in this mission," said Indiegogo co-founder Danae Ringelmann of
the company's latest round of investors.